Pantoro Limited Achieves Strong Quarterly Gold Production
Pantoro Limited reported strong quarterly gold production of 19,438 ounces, meeting its guidance. The company achieved a net cash and gold increase of $6.9 million and an EBITDA of $37.5 million, despite a one-off stamp duty payment. The Scotia Underground Mine reached commercial production, and exploration continues. Pantoro adjusted its annual gold production guidance due to deferred activities. The sale of the Halls Creek Project improved its financial position, with total cash and gold reserves of $119.3 million and outstanding debt of approximately $20 million.
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Pantoro Limited ( (AU:PNR) ) has issued an update.
Pantoro Limited reported a strong quarterly performance with gold production reaching 19,438 ounces, aligning with its guidance. The company achieved a net cash and gold increase of $6.9 million and an EBITDA of $37.5 million, despite a one-off stamp duty payment from a merger. The Scotia Underground Mine reached commercial production, and exploration efforts continue across several sites. Pantoro adjusted its annual gold production guidance due to deferred activities at Scotia. The sale of the Halls Creek Project was completed, boosting the company’s financial position with a total cash and gold reserve of $119.3 million and an outstanding debt of approximately $20 million.
More about Pantoro Limited
Pantoro Limited is a Western Australia-based gold producer focusing on the Norseman Gold Project, situated in the Eastern Goldfields of Western Australia. The project is located in a high-grade goldfield within the Yilgarn Craton and includes a 1 million tonnes per annum gold processing plant. The company has a significant resource base and is pursuing a growth strategy aimed at expanding underground mining operations to increase production.
YTD Price Performance: 8.33%
Average Trading Volume: 25,601
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €376.4M
See more insights into PNR stock on TipRanks’ Stock Analysis page.
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